GUEST COLUMN: New tax on health insurance to damage economy

7:26 PM,
Jun. 25, 2014

Written by

Sen. Bill Ketron

Most Tennessee residents know Tax Day is April 15, but we also need to know about a second tax day that has just occurred. And this one is going to cost workers, families, seniors, states and taxpayers billions of dollars and kill hundreds of thousands of jobs.

Call it the Obamacare tax bill. On June 15 the Internal Revenue Service sent out the initial bills for Obamacare's Health Insurance Tax. This year's tax bills are expected to total $8 billion, rising to more than $100 billion over the next decade. Though the IRS sends the bills to insurance companies, the tax is a sales tax on policies that ...